SEJONG, Dec. 18 (Korea Bizwire) — More than half of middle-aged South Koreans are in debt, government data showed Tuesday, in the latest sign of growing household debt in Asia’s fourth-largest economy. The data compiled by Statistics Korea showed that 55.2 percent of people, aged between 40 and 64, borrowed money from banks or other [...]
GENEVA, Dec. 18 (Korea Bizwire) — The level of economic participation and opportunity of South Korean women is well below the world average, putting the country in 115th position out of 149 countries in terms of gender equality, according to a report released Tuesday by the World Economic Forum (WEF). The forum’s Global Gender Gap [...]
SEOUL, Dec. 17 (Korea Bizwire) — Eight out of 10 South Korean adults read news on their smartphones, while the readership of physical newspapers sank to one-fifth of its size recorded in 1996, a survey showed Monday. According to the poll of 5,040 adults nationwide conducted by Gallup Korea, 80.8 percent said they read news [...]
SEOUL, Dec. 14 (Korea Bizwire) — An increase in the minimum wage has helped improve productivity at South Korean manufacturing firms in general, but its impact varied by sector and size of business, a report said Friday. South Korea’s minimum wage has gradually increased since the government first implemented the policy in 1988. Between 2011-2016, [...]
SEOUL, Dec. 13 (Korea Bizwire) — A recent study showed that more than 3 in 10 South Koreans (33.3 percent) wanted to live on an island or in cities located near islands. This was particularly the case for those in their 50s (45.1 percent) or men (39.2 percent). The Island Development Research Committee at the [...]
SEOUL, Dec. 13 (Korea Bizwire) — YouTuber is now one of the 10 occupations most desired by South Korean elementary school students, while scientist has been pushed out of the top 10, a government survey showed Thursday. In the survey of thousands of young students by government agencies earlier this year, professional athlete replaced teacher [...]
SEOUL, Dec. 13 (Korea Bizwire) – It has been reported that if game addiction is classified as a disease, the decrease in sales in the domestic gaming industry will be in the billions of won. Whether game addiction should be classified as a disease under the International Classification of Diseases (ICD) will be discussed at [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s performing arts market, which includes musicals, plays and classical music, rebounded in 2017, apparently reflecting political and social stability after the presidential election in May that year, officials said Wednesday. According to data released by the Ministry of Culture, Sports and Tourism and the Korea Arts Management [...]
SEOUL, Dec. 12 (Korea Bizwire) — The number of infants born in Seoul came to an average of 179 per day last year, dipping below the threshold of 200 for the first time as more people are delaying or shunning marriage, data released Wednesday by the Seoul metropolitan government showed. According to the Seoul Statistics [...]
SEOUL, Dec. 11 (Korea Bizwire) — A recent study has revealed that sitting for long periods of time may increase the chance of a resistance towards insulin, with those sitting 10 hours per day up to 1.6 times more likely than those sitting for less than 5 hours to develop insulin resistance. Once cells begin [...]